Model of investment analysis in an uncertain environment

Constantin Anghelache, Alexandru Manole and Andreea Marinescu
Additional contact information
Constantin Anghelache: Universitatea „ARTIFEX” din Bucuresti, Academia de Studii Economice, Bucuresti
Alexandru Manole: Universitatea „ARTIFEX” din Bucuresti
Andreea Marinescu: Academia de Studii Economice, Bucuresti

Romanian Statistical Review Supplement, 2016, vol. 64, issue 8, 77-84

Abstract: In this study, we have proposed to analyze the situation in which an investment project is developed within an uncertainty environment. In fact, no matter how many data we have available during an investment process, uncertain issues occur. An economic environment, deterministic, even if it assumes the anticipation of costs, risk elements can occur. The definition of risk itself, as uncertain element, leads to the setup of a model on whose basis all the variables should be identified, together with the correlation between those. There are cases when the economic environment is non-saturated from the monetary-financial viewpoint, and thus these moments must be identified, measured and controlled. On this topic, we have identified the indicators used for the substantiation of the investment decision in an uncertain environment. We shall define the concept of uncertain environment and the perspective of cash-flow and risks forecasts will be analyzed. We granted proper attention to the update rate of investment projects, subsequent to the occurrence of risky random variables. The study is completed with practical analysis models.

Keywords: economic environment; interest rate; uncertain environment; capital market; monetary flow; operational risk; inflation (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.revistadestatistica.ro/supliment/wp-con ... SS_08_2016_A5_en.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:64:y:2016:i:8:p:77-84

Access Statistics for this article

More articles in Romanian Statistical Review Supplement from Romanian Statistical Review Contact information at EDIRC.
Bibliographic data for series maintained by Adrian Visoiu ().